Are Lakshmi Vilas and Dhanlaxmi Bank cases of shareholder activism gone wrong?

Shriram Subramanian, managing director of proxy firm InGovern, says splintered shareholding – where it is directionless – gives power to some shareholders while, insome cases, it causes apathy in voting.

https://www.forbesindia.com/article/take-one-big-story-of-the-day/are-lakshmi-vilas-and-dhanlaxmi-bank-cases-of-shareholder-activism-gone-wrong/63393/1